Here’s Why The XRP Price Has Been In A Consistent Downtrend Since 2025
On-chain data from Glassnode has unveiled the reason why the XRP price has been in a persistent downtrend since 2025. Notably, the XRP price crashed from Notably, a value above 1 indicates that holders are selling at a profit, while a value below that signals that coins are being sold at a loss. This sustained move below the neutral level suggests that most selling activity in XRP is now occurring at a loss rather than in profit-taking conditions. As a result, on-chain profitability for XRP holders has turned negative. Such an environment usually weakens investors’ confidence in a cryptocurrency and reduces the incentive to hold it, especially among short-term traders. Negative profitability can also discourage new capital inflows, as prospective buyers see limited signs of recovery or momentum, further contributing to price decline or stagnation. Interestingly, Glassnode noted that XRP’s current market structure closely resembles a period between September 2021 and May 2022. During that earlier phase, XRP’s SOPR also fell below 1 and remained there for a long time. XRP Structure Mirrors Bearish 2022 Setup
Related Reading
The period was also marked by prolonged consolidation and low volatility following sharp declines, before the market eventually stabilized. This comparison suggests that XRP may be experiencing a similar structural phase in which losses dominate trading activity and recovery is delayed until selling pressure eases and sentiment moves back to positive territory.
As of writing, the XRP price has declined even further, now trading under $1.4. CoinMarketCap data shows that the cryptocurrency has plummeted by more than 4.3% over the past 24 hours and by well over 46% year to date.
Featured Image from Freepik, chart from Tradingview.com
About Author
